Do changes in patent policy influence firms’ technology strategy? Evidence from manufacturing in India

Sidheswar Panda and Ruchi Sharma

Journal of Policy Modeling, 2021, vol. 43, issue 2, 362-375

Abstract: India made patent policy changes to comply with TRIPs agreement that increased the rights of patent owners. Considering that such policy changes influence both in-house research and development investments and technology licensing from external sources, the firms have to accordingly devise their technology strategy. This study employs a simple and fixed effects multinomial logit regression models to study the impact of policy changes on the technology strategy of 402 firms operating in Indian manufacturing sector from 1999 to 2014. The results show that changes in patent policy have a significant impact on technology strategy of firms.

Keywords: Patent policy; R&D; Licensing; Technology strategy (search for similar items in EconPapers)
JEL-codes: O32 O33 O34 (search for similar items in EconPapers)
Date: 2021
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:jpolmo:v:43:y:2021:i:2:p:362-375

DOI: 10.1016/j.jpolmod.2020.09.002

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